Loomis Real Estate Market - View Loomis Real Estate Market Trends in California

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Loomis. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Bruce @916-952-3838 or Brian @916-804-2074
Average Home Price	$825,000 - View Graph Trend

Average Price Compared to Last Year	Down 20-25%

Average Time on Market	90-120 days

Best Selling Price Range	$400,000 - $449,000

Worst Selling Price Range	$700,000 - $749,000

Prices As % of Asking Price	85-90%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Loomis is	No Change

Seller Activity for the past 90 days in Loomis is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	If a home is priced correctly, 5% - 10% below the perceived market, multiple offers will be received quickly resulting in a higher selling price.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	35-40%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Not all lenders are the same. Our preferred lender is Brian Musket at Secure Funding Group. Give him a call at 916.804.2074 ~ for a free consultation that could save you money ~ and will save you a lot of frustration compared to many of the 'other guys'.

Housing Inventory	Good supply - Some Prices

Inventory Comments	Many of the 'high end' sellers in the Loomis area have still not realized what the past four years have meant to the market in terms of home values. Many are still waiting to wake up from their slumber and be relieved that it was just a dream. The fact is, it was not a dream, it did happen - home values are 50% of what they were in 2005 and when those who want to sell realize that, homes will start moving again in the area. Right now the only homes selling are the few that are priced correctly.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Loomis!

Nearest Metro Area	Sacramento

Housing Hot Spots	Carmichael, Fair Oaks, Folsom, Elk Grove, Lincoln, Roseville, Serrano - El Dorado Hills, Whitney Oaks - Rocklin are considered 'Housing Hotspots'

Average Sold Price	$825,000 - View Graph Trend

Loomis Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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